Shares of WellCare Health Plans, Inc. (NYSE:WCG) have been assigned an average rating of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $200.20.

WCG has been the subject of a number of analyst reports. Deutsche Bank upped their price target on WellCare Health Plans to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Cantor Fitzgerald restated a “buy” rating and issued a $195.00 price target on shares of WellCare Health Plans in a research report on Saturday, August 26th. Mitsubishi UFJ Financial Group initiated coverage on WellCare Health Plans in a research report on Thursday, September 21st. They issued an “overweight” rating and a $204.00 price target for the company. ValuEngine upgraded WellCare Health Plans from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Morgan Stanley upped their price target on WellCare Health Plans from $184.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd.

Shares of WellCare Health Plans (NYSE:WCG) opened at $207.95 on Monday. The company has a market capitalization of $9,258.35, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.60 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. WellCare Health Plans has a 1 year low of $133.21 and a 1 year high of $213.97.

WellCare Health Plans (NYSE:WCG) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $4.08 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $2.18. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.37 billion. WellCare Health Plans had a return on equity of 19.42% and a net margin of 2.21%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 earnings per share. equities analysts forecast that WellCare Health Plans will post 8.44 EPS for the current year.

In other news, CEO Kenneth A. Burdick sold 8,500 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $174.24, for a total value of $1,481,040.00. Following the sale, the chief executive officer now directly owns 23,627 shares in the company, valued at $4,116,768.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carol Burt sold 997 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $202.20, for a total value of $201,593.40. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in WellCare Health Plans by 12.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,165 shares of the company’s stock worth $9,818,000 after purchasing an additional 6,342 shares during the period. GSA Capital Partners LLP increased its holdings in WellCare Health Plans by 9.8% during the 3rd quarter. GSA Capital Partners LLP now owns 8,494 shares of the company’s stock worth $1,459,000 after purchasing an additional 760 shares during the period. California Public Employees Retirement System increased its holdings in WellCare Health Plans by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 140,164 shares of the company’s stock worth $24,072,000 after purchasing an additional 5,718 shares during the period. Narus Financial Partners LLC increased its holdings in WellCare Health Plans by 20.0% during the 3rd quarter. Narus Financial Partners LLC now owns 2,051 shares of the company’s stock worth $352,000 after purchasing an additional 342 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in WellCare Health Plans by 206.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 7,246 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,883 shares during the period. Hedge funds and other institutional investors own 99.91% of the company’s stock.

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About WellCare Health Plans

WellCare Health Plans, Inc is a managed care company. The Company focuses on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs), to families, children, seniors and individuals with medical needs. The Company operates through three segments: Medicaid Health Plans, Medicare Health Plans and Medicare PDPs.

Analyst Recommendations for WellCare Health Plans (NYSE:WCG)

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